TELECONOMY GROUP CHAIRMAN APPOINTED CHAIR OF WEST CUMBRIA AND FURNESS REGENERATION BOARD

Lancaster - 19th July 2002

Michael Hulme, founder and chairman of Teleconomy Group Plc has been appointed chairman of the West Cumbria and Furness Regeneration Board. At a dual launch in Barrow and Workington today, business leaders and politicians heard details of the progress in setting up the New Visions Urban Regeneration Company. Details will also be announced of the first projects that have been recommended for funding by the company's Shadow Board.

The launch is built around the theme of Coastal Renaissance, aimed at supporting projects to attract tourists to the area and build on local maritime heritage. Tourism is a growth cluster in this area and further development will help the diversification of the local economy, improve the perception of the area and exploit the coastal heritage and environment

County Councillor Rex Toft Leader of Cumbria County Council who will make the funding announcement said: "Everyone is excited by the establishment of an Urban Regeneration Company and the crucial role it will have in the regeneration of Furness and West Cumbria. I firmly believe that the theme of coastal renaissance can capture the imagination of both the public and investors".

Brian Gray, Chairman of the Northwest Development Agency commented: "Continued commitment to physical regeneration is needed to ensure the Northwest achieves urban renaissance and it is for this reason why the NWDA is delighted to support "New Visions", which aims to secure investment and build on environmental assets for the benefit of Furness and West Cumbria."

For further information please contact enquiry@teleconomy.com

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